Cardano / Dollar may rise to 0.4589 - 0.4647

Our pivot point stands at 0.4384.

Our preference

The upside prevails as long as 0.4384 is support.

Alternative scenario

The downside breakout of 0.4384 would call for 0.4287 and 0.4229.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4448 and 0.4407).

Supports and resistances

0.4763 **

0.4705 *

0.4647 **

0.4589

0.4474 last

0.4422

0.4384 **

0.4287 *

0.4229 **

Number of asterisks represents the strength of support and resistance levels.